Blue Star Foods Revenue Jumps in Q2; CEO Says Company on Track to Double 2021 Totals

Blue Star Foods, a seafood company focused on Recirculatory Aquaculture Systems (RAS) shared its financial results for the second quarter of 2022 which saw its revenue jump by 39% to $3 million.

John Keeler, Chairman and CEO of Blue Star, commented, "We continued our positive momentum during the second quarter and we believe remain on track to nearly double revenue for all of 2022, as compared to the $10.0 million revenue we generated in all of 2021...

BioMar Witnesses Improved Sales Volume, Revenue and Earnings in Q2

BioMar reported year-on-year volume sales growth of 9% and an increase in revenue by 42% amidst various challenges.

The company said it faces higher raw material prices, energy costs and the impact of suspending trade with Russia.

Despite the issues, BioMar’s improved earnings led the company to raise its full-year guidance. The guidance was raised by DKK 55 million ($7.5 million) to EBITDA in the DKK 910-960 million ($125-131 million) range after recognition of provisions for losses on assets related to Russia...

Pokemoto Lands Trio of Franchise Agreements in Connecticut

Muscle Maker, Inc.’s Hawaiian poke bowl restaurant concept Pokemoto will add three locations in Connecticut as the brand continues to expand.

With three new franchise agreements, Pokemoto will have 18 total locations, 10 are already in operation and eight are on the way. In total, there are now 43 franchise agreements in place for the concept.

“We’re thrilled to hold the title of the biggest poke player in the state of Connecticut.” said Michael Roper, CEO. “The franchising and development teams have been working tirelessly to...

ANALYSIS: Frozen Chilean Salmon Fillets Begin to Chase Fresh Pricing

Frozen Chilean salmon fillets into the United States remained steady for the better part of the summer. But we’re now starting to see prices retreat somewhat with the cost of fresh Chilean fillets at the lowest pricing the market has seen in 2022. Both typical summer seasonality and an influx of competitively priced smaller Canadian whole fish being filleted provided downward pricing pressure on fresh Chilean fillets this summer. Some buyers are opting to go with less expensive fresh salmon fillets as opposed to the frozen when able... 

DFO Announces Temporary Cod Closure For NAFO Division 3KL

On Monday the Department of Fisheries and Oceans (DFO) announced that the Northern cod Stewardship fishery in NAFO Divisions 3KL will be closing at 2000 hours on Wednesday, August 17. According to the news release, the closure applies to vessel classes A283 and A295.

The DFO says that the closure is consistent with the provisions of the 2022 Conservation Harvesting Plan. Based on the plan, a closure is necessary when landing approach the maximum authorized harvest allocated for the period. In the case of...

Sushi Company Recalls Various Products Due to Undeclared Allergens

EZ Noble Sushi voluntarily recalled several of its sushi products because they did not contain proper information on its labels.

The company shared that the impacted products were sold exclusively at Geissler’s, which has since been removed from the shelves. The stores are working with EZ Noble to correct the labels which did not declare the following allergens: eggs, wheat, and milk.

The products were distributed to all seven Geissler’s locations including East Windsor, Windsor, Somers, Bloomfield, South Windsor, Granby, and Agawam, Massachusetts...

BioMar, Síldarvinnslan Partner to Develop High-Tech Aquafeed Production Facility in Iceland

BioMar Group and Síldarvinnslan have signed a memorandum of understanding (MoU) to develop a net-zero aquafeed facility in Iceland. The move will make BioMar the only global feed company in the Icelandic market.

“As part of our strategy, above and beyond, we are committed to expanding our business to new geographies and demonstrating our sustainability ambitions. Partnering with Sildarvinnslan offers a great opportunity to grow the Icelandic industry locally, and in a sustainable way,” announced Carlos Diaz, CEO BioMar Group...

Fifax Culls Rainbow Trout at Eckerö Facility Due to IHN Outbreak

Finland-based aquaculture firm Fifax announced that following the discovery of IHN-disease in rainbow trout at its facility in Eckerö, the Finnish Food Authority called for all of the fish at the facility to be harvested and culled.

Fifax was handed an August 15 deadline for the culling and according to the company, it was concluded as planned and the facility was empty of fish. The procedures were supervised by the animal welfare protection authorities of Åland.

Fish free of symptoms that had reached sellable...

PODCAST: Lobster and Crab Meat Market Update; Bluu Seafood Enters Regulatory Process and More

Listen in as SeafoodNews Managing Editor Amanda Buckle and Urner Barry Seafood Market Reporter Lorin Castiglione talk about the lobster and crab meat markets. Plus, learn more about what's going on in the plant and cell cultured protein industries.

This episode of the SeafoodNews Podcast is brought to you by the fourth annual Association of Genuine Alaska Pollock Producers’ Wild Alaska Pollock meeting, taking place at the Westin Seattle in Seattle, Washington on October 17, 2022...

ANALYSIS: June Snow Crab Imports Off Pace, Down 34.7 Percent from 3-year Average

Canadian snow crab has been an example of one of the biggest swings in the seafood market in 2022. 5-8s out of the Gulf began 2022 at $17.00 and beginning of August the market is $10.00 cheaper, or 57 percent lower than January 2022. The market is extremely unsettled with collected levels all over the board with some lower offers and a few higher offers noted. Some market participants are seeing good movement and sales while others continue to see high inventory levels...

Cooke in Agreement to Acquire Tassal Group After Multiple Failed Takover Bids

Cooke Inc. has finally gotten its wish and is in agreement to acquire Australia-based Tassal Group after sweetening its deal to A$1.1 billion ($771.4 million).

The Canadian seafood giant has eyed Tassal for at least a few months. In June, Tassal rejected a A$1.04 billion ($721.53 million) acquisition bid, along with another pair of takeover pushes earlier in the month and back in May of 2022. The multiple rejections led to Cooke purchasing additional sales of Tassal in July, which SeafoodNews...

American Aquafarms Project Gets Pushback From Maine Gubernatorial Candidates

American Aquafarms will not find support from gubernatorial candidates Janet Mills and Paul Lepage. Both Mills, who is the current Governor of Maine, and LePage, the former Governor, have indicated that they do not support the industrial-scale salmon farm that the company hopes to build in Frenchman Bay.

LePage took to his Facebook page last month to share that he will “oppose any future application from American Aquafarms” in Maine’s Acadia National Park. 

“The working ecosystem in Frenchman bay is much too critical to place at risk for...

Seafood to Become an Upmarket Product in Russia 

Seafood may soon become an upmarket product in Russia and will be affordable to only select customers in the country, which is mainly due to a significant rise of prices for it, which has been observed in recent months and insufficient supplies to the domestic market.

According to some Russian media reports, so far the growth of prices for most seafood and some fish species in the Russian market has amounted to 40-60% with the biggest growth being observed in the HORECA segment of the market...

Cousins Maine Lobster Lands on Inc. 5000 Annual List After Notable Revenue Growth

Cousins Maine Lobster has garnered recognition as one of the fastest-growing businesses in the country after its appearance on the Inc. 5000 list.

The company explained that Inc.’s list is a “one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses.”

“This is our first time ever making the list and we are extremely honored to be recognized for our business achievement. 2022 marks our tenth year in business, so to receive this award this year...

Nissui’s Kurose Suisan Commits to 100% Artificial Seedling for Next Season Yellowtail Farming

Nippon Suisan Group's Kurose Suisan, based in Kushjima City, Miyazaki Prefecture, plans to ship 2 million yellowtails raising artificial seedlings next season. The farmed yellowtail industry this season is facing a shortage of recruiting fish due to the record-breaking shortage of natural juvenile fish captured in the previous year. Still, Kurose Suisan leads the industry to stable production and shipment, Minato Shimbun reported.

Nippon Suisan announced at a briefing on the company's marine products business on August 8. It plans to ship...

In Growing Market, unMEAT Launches Plant-Based Luncheon Meat in US

Manila-based Century Pacific Food Inc. recently launched two new plant-based luncheon meat products in the United States under their unMEAT brand.

Luncheon Style Meat and Burger Style Luncheon Meat are both plant-based alternatives with 30% less calories, 60% less sodium and zero sodium nitrites than its meat counterparts.

According to a recent report titled Plant-based Meat Market Size, Share & Trends Analysis Report By Source (Soy, Pea, Wheat), By Product (Burgers, Patties, Sausages), By Type (Chicken, Pork, Beef), By End-user, By Storage ... 

VIDEO: Watch Us Eat Canned Rockfish From Top Chef Sara Hauman's Tiny Fish Co.

In this episode of "Watch Us Eat!" SeafoodNews Managing Editor Amanda Buckle and Urner Barry Seafood Market Reporter Lorin Castiglione are diving into canned Pacific rockfish from Tiny Fish Co. 

Tiny Fish Co. was launched by Chef Sara Hauman, who appeared on "Top Chef" Portland in 2021. Chef Sara started Tiny Fish Co. with the “goal to inspire the canned fish industry by sharing products that are sustainable, flavorful and tell the fish’s story from water to tin...